Southeast Asia Properties & Finance Ltd. has issued a profit warning, indicating a significant financial downturn for the fiscal year ending March 31, 2025. The company anticipates a net loss of at least HK$10 million, a stark contrast to the HK$55.9 million profit recorded in the previous year. This expected shift from profit to loss is primarily attributed to a substantial decrease in the share of results from associates, particularly due to a one-off gain from the prior year related to the change in fair value of land owned by Titan Dragon Properties Corporation, an associate of the Group. The company is currently finalizing its annual results, and shareholders and potential investors are advised to exercise caution when dealing with the company's shares. The full annual results announcement is expected to be published by the end of June 2025.
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